Consumer IPOs have been a mini-theme of 2023, which is set to continue next week with Birkenstock (BIRK). The sandal maker is planning to raise $1.5 billion in one of the largest consumer discretionary IPOs of the past two decades.
In the past 20 years, only nine consumer discretionary IPOs have raised $1+ billion. At $1.5 billion, Birkenstock would be the largest IPO from the consumer discretionary sector since EV maker Rivian (RIVN) in 2021, and the fourth-largest overall.
For access to the full article, sign up for a free trial of IPO Pro, the platform that gives you all of the IPO information you need, all in one place.
